A company paid utilities expenses with cash. How would this transaction affect the company's financial statements? a.

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A company paid utilities expenses with cash. How would this transaction affect the company's financial statements?

a. decrease in assets and decrease in equity

b. decrease in assets, no other changes

c. no change in assets, no change in equity

d. no change in liabilities, no change in equity

e. increase in assets and increase in equity

Related Book For answer-question

Fundamentals of Financial Management

ISBN: 978-1285867977

14th edition

Authors: Eugene F. Brigham, Joel F. Houston

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Posted Date: Feb 11, 2024 11:32 PM

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A company paid utilities expenses with cash. How would this transaction affect the company's financial statements? a.

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The detailed answer for the above question is provided below The correct answer is b decrease in ass... View the full answer

Fundamentals of Financial Management

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